The Chinese authorities will accelerate the revision of Anti-Unfair Competition Law and the introduction of the regulation on fair competition review.
China will strengthen supervision and law enforcement against market intervention behaviors, and will consolidate the institutional and regulatory foundations for fair competition, the State Administration for Market Regulation said on Monday.
Zhu Jianqiao, director of the comprehensive planning department of the SAMR, said the country will accelerate the revision of China's Anti-Unfair Competition Law, promote the introduction of the regulation on fair competition review and optimize the registration system for enterprises that move from one region to another.
He told a news briefing on Monday that the country will clear obstacles that hinder the construction of the unified national market and deal with behaviors that hinder the free flow of goods, factors and resources.
Last week, SAMR also updated its guidelines for independent fair competition review. China has a system of fair competition review — a procedure for checking existing and proposed laws, regulations, administrative decisions, etc. for the absence of provisions that impede the development of competition. In order to improve the efficiency of this system, the authorities encourage the involvement of third parties to assess how correctly this verification is carried out.
A guide to organizing an independent assessment of the fair competition review appeared in 2019, and the other day it was published in a new edition. The changes affected the list of competent organizations, evaluation parameters and the content of expert opinions.
Sources: China Daily, SAMR, SAMR
